The industry does that for two reasons - it saves a fortune in tax, and it means that they don't have to follow American or European labour laws. This allow the companies to recruit cheap workers from developing countries, pay them less, and work them harder. … [Read more...] about Will we ever take cruise holidays again?
Booming hospitality industry
After a slow growth in 2019, Vietnam's cement market continues to be hit by the COVID-19 pandemic According to FiinResearch’s Vietnam Cement Market Report 2020, after reaching the record growth of 16.4 per cent in 2018, clinker and cement on-year sales growth shrank to only 3.2 per cent in 2019 due to the slowdown in both domestic and export markets. … [Read more...] about Vietnam’s cement market continues with slow growth amid COVID-19 pandemic
The average rent for serviced apartment units now is ranging around $35 and $28 per square metre for grade A and B apartments respectively. By 2022, 1,500 new units will enter in response to the growing demand for long-term stays, which is mostly generated by increasingly favourable visa policies and an influx of foreign investment. … [Read more...] about Service apartment show stable development in the real estate market